Gabelli Funds LLC Increases Position in Intevac, Inc. (NASDAQ:IVAC)

Gabelli Funds LLC boosted its holdings in Intevac, Inc. (NASDAQ:IVAC) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,299 shares of the electronics maker’s stock after purchasing an additional 5,800 shares during the period. Gabelli Funds LLC owned about 1.18% of Intevac worth $1,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IVAC. XTX Topco Ltd acquired a new stake in shares of Intevac during the third quarter worth approximately $49,000. Marquette Asset Management LLC boosted its stake in Intevac by 29.0% during the 4th quarter. Marquette Asset Management LLC now owns 66,273 shares of the electronics maker’s stock valued at $225,000 after acquiring an additional 14,888 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intevac by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 287,163 shares of the electronics maker’s stock worth $977,000 after acquiring an additional 8,063 shares in the last quarter. Peapod Lane Capital LLC bought a new stake in shares of Intevac in the 4th quarter worth about $1,562,000. Finally, Renaissance Technologies LLC raised its stake in shares of Intevac by 7.8% in the 4th quarter. Renaissance Technologies LLC now owns 619,977 shares of the electronics maker’s stock valued at $2,108,000 after purchasing an additional 44,804 shares in the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

Intevac Stock Down 0.1 %

Shares of NASDAQ IVAC opened at $4.00 on Friday. The stock has a market capitalization of $108.54 million, a P/E ratio of -12.11 and a beta of 0.62. The firm’s 50-day moving average price is $4.00 and its two-hundred day moving average price is $3.51. Intevac, Inc. has a 52-week low of $2.46 and a 52-week high of $4.42.

Intevac Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.052 per share. The ex-dividend date was Monday, March 24th. Intevac’s payout ratio is currently -60.61%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Intevac in a report on Monday, April 14th. They issued a “sell” rating for the company.

Intevac Company Profile

Intevac, Inc, together with its subsidiaries, engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia. It designs, develops, and markets vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive, advanced coatings, and other adjacent thin-film markets.